Qube Research & Technologies Ltd acquired a new position in shares of Toll Brothers Inc (NYSE:TOL) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 5,516 shares of the construction company’s stock, valued at approximately $202,000.
Several other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. grew its stake in shares of Toll Brothers by 442.9% during the 1st quarter. Meeder Asset Management Inc. now owns 4,311 shares of the construction company’s stock worth $156,000 after purchasing an additional 3,517 shares during the period. CWM LLC acquired a new stake in shares of Toll Brothers during the 1st quarter worth approximately $53,000. Brinker Capital Inc. grew its stake in shares of Toll Brothers by 179.2% during the 1st quarter. Brinker Capital Inc. now owns 18,146 shares of the construction company’s stock worth $657,000 after purchasing an additional 11,647 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Toll Brothers during the 1st quarter worth approximately $1,354,000. Finally, First Quadrant L P CA acquired a new stake in shares of Toll Brothers during the 1st quarter worth approximately $1,225,000. 82.10% of the stock is owned by institutional investors and hedge funds.
In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $37.01, for a total value of $629,170.00. Following the transaction, the director now owns 64,304 shares in the company, valued at approximately $2,379,891.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carl B. Marbach sold 3,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $35.14, for a total value of $105,420.00. Following the completion of the transaction, the director now owns 85,463 shares in the company, valued at approximately $3,003,169.82. The disclosure for this sale can be found here. Insiders sold a total of 20,200 shares of company stock worth $742,192 in the last 90 days. 9.69% of the stock is currently owned by insiders.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. Toll Brothers had a return on equity of 15.57% and a net margin of 10.01%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. On average, equities analysts forecast that Toll Brothers Inc will post 3.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were issued a $0.11 dividend. The ex-dividend date was Thursday, July 11th. This represents a $0.44 dividend on an annualized basis and a yield of 1.24%. Toll Brothers’s payout ratio is currently 9.34%.
A number of research firms recently issued reports on TOL. Wells Fargo & Co cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Thursday. Zacks Investment Research cut shares of Toll Brothers from a “hold” rating to a “sell” rating and set a $37.00 price target on the stock. in a research note on Wednesday, July 24th. ValuEngine cut shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. SunTrust Banks began coverage on shares of Toll Brothers in a research note on Monday, August 12th. They issued a “hold” rating and a $37.00 price target on the stock. Finally, Royal Bank of Canada set a $37.00 price target on shares of Toll Brothers and gave the company a “hold” rating in a research note on Thursday, May 23rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $35.49.
About Toll Brothers
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
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